How Is an NFT Different from Cryptocurrency?

   Non-fungible Token is referred to as NFT. Although it is often developed using the same type of programming as cryptocurrencies like Bitcoin or Ethereum, the similarities end there.

Having the ability to be sold or swapped for one another, physical money and cryptocurrencies are both "fungible." A dollar is always worth another dollar and the value of one Bitcoin is always equivalent to the value of another Bitcoin. Due to its fungibility, cryptocurrency is a reliable method for blockchain transactions.

The NFT is unique. NFTs cannot be traded for one another or deemed to be equal since each has a unique digital signature (hence, non-fungible). Simply because two videos are NFTs doesn't make one NBA Top Shot clip equivalent to another. (For that matter, one NBA Top Shot clip doesn't even have to be comparable to another.)